Forex blog: Grace Cheng (18 сообщений)

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Grace Cheng
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Pharmerica Stock Remains A Buy
Pharmerica Corp. (PMC) shares have been advancing since originally being featured as a momentum stock in mid-July, climbing from $21 to just a pinch below $25, a solid short-term return of more than 15%.

Much of the recent price strength comes on the heels of this Zacks #1 rank stocks impressive second-quarter results, reported on Aug 8. Revenue skyrocketed to $486.3 million, up from $173.4 million in the same period last year. Net income surged to $2.9 … [visit site to read more]

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Cimarex Energy Company: Value Stock Buy Alert
Cimarex Energy Company (XEC), an oil and gas exploration and production company, has surprised on estimates 4 consecutive quarters, yet the stock has retreated from recent highs as crude prices have fallen. XEC now trades at just 6.14x forward earnings.

Cimarex Surprised by 5.51% in the Second Quarter

On Aug 5, the company once again beat Wall Street estimates when it reported its second quarter earnings. Net income soared 191% to $229.3 … [visit site to read more]

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Chill Descends On Freddie And Fannie, Plus The UK
In the absence of major economic releases Monday, major currency pairs took the opportunity to take a breather and traded in narrow price ranges after last week’s dramatic moves. The US dollar was slightly down against virtually all major currencies such as the Euro, Swiss franc, Japanese yen, British pound, Canadian dollar, Aussie and Kiwi, but as trading progressed into the US session, the dollar rebounded versus the Swiss franc.

GBP/USD bounced from a low of 1.8625 to an intraday high of … [visit site to read more]

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Software ETFs Outperform The Rest
The software sector has proven to be anything but soft recently, as related exchange traded funds (ETFs) are trending above their 200-day moving average. Software can benefit in a slowing economy as companies look to ways to become more efficient in their operations, reports Trang Ho for Investor's Business Daily. Companies may not cut the technology budget if they know they can improve their operations and save money down the road.

Software-related ETFs moving up recently … [visit site to read more]

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Time For Americans To Focus On What's Important
This morning, the $USD (77.20) and Euro/USD (1.4695) showed a move into the USD and away from the Euro as Crude Oil futures have dropped from 114.29 to 113.60 in the past 90 minutes.

The DJIA futures at 8:12am ET are now at 11693, up from 11682 in the past 90 minutes.

Earlier today, the Asia-Pacific equity markets were mostly down except for Japan: Australia's All Ords index (flat again at 5043.5); Shanghai (-5.34% to 2319.87); Hong Kong (-1.09% to 20930.67); India's Sensex (-0.53% to … [visit site to read more]

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Sweden And Its ETF Beat The World At A Greener Reality
When it comes to alternative energy, Sweden is one of the countries leading the green revolution, could this be what the iShares MSCI Sweden Index (EWD) needs? King Carl XVI of Sweden is scheduled to visit Michigan in September to discuss alternative energy topics, while there are Swedish companies already involved in state of the art energy ventures in Michigan, reports visit site to read more]

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Gold correction has further to run
With gold below $800 and investor sentiment surveys in the bearish zone (contrarian bullish), one might think that we may be close to a turnaround on bullion.

Not so fast!

Average bear down 34% in 18 months
Bespoke Investment Group's report on typical gold market behavior suggests that there is further downside. The average bear market in gold is down 34% over a period … [visit site to read more]

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Broad Market Outlook For The Week Ahead
The gold bugs are in disarray. I feel for them. Truly. They have it right for the long-term; but we are not buy-and-hold investors; we are traders. We cannot take -25% losses and more and stay in the game. It's a tough game, and Job#1 is to protect capital.

Now the gold bugs understand where I am coming from. I am not the enemy. Governments that overspend are the enemy, and in time those legislators and their taxpayers will pay for their mistakes.

Nobody missed these words that started … [visit site to read more]

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Fill Up On World Fuel Services
Years ago, Money magazine interviewed a few celebrities and asked them what was their favorite stock. Since this was before the tech bubble burst, I recall that almost all picked a stinker, except one. Remember “America’s Rich and Famous”? Host Robin Leach mentioned what at that time was to me a new, yet intriguing security. That security was World Fuel Services (INT). He stated that the world will always need fuel, and with a growing population, World Fuel Services was a long term holding … [visit site to read more]

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China's ETF Growth Rooted In Strength; Olympics Negligible Economically
Investors had long been anticipating the impact of the Olympics upon China's economy, but after all is said and done, the results may only be negligible, for the country and related exchange traded funds (ETFs).

Chi Lo for Business Week reports that the total Olympics-related spending in the last four years only accounted for an average of 0.3% of China's total GDP each … [visit site to read more]

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Stock Picks And Trade Ideas For The Week Ahead - SIRI, MPEL, LDK, CIEN

Chart courtesy of stockcharts ( click to enlarge )

(CIEN) showed a bullish movement on Friday when it closed the resistance at $18.69 accompanied with a large volume of about 5.5 M shares. The MACD has currently crossed above the signal line indicating a buy. From … [visit site to read more]

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Aggressive Growth Buy Alert: FLIR Systems
FLIR Systems, Inc. (FLIR) announced second-quarter results on July 24th after being featured as a growth stock in March. The thermal imaging and stabilized camera company surprised the street with second-quarter earnings of 29 cents per share, one penny higher than analyst expectations of 28 cents. FLIR Systems recorded second-quarter revenue of $261 million, a 42% year-over-year increase.

On July 30th the company announced a finalized $30 million dollar … [visit site to read more]

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Value Buy Alert: Gulfport Energy Corporation
Gulfport Energy had the profitable combination of rising production and higher crude and natural gas prices in the second quarter as the company surprised on estimates by 25%. It has surprised on estimates the last 2 quarters by an average of 33.5%. Gulfport’s forward P/E is 6.24.

Company Description

Gulfport Energy Corporation (GPOR) is an independent oil and natural gas exploration company headquartered in Oklahoma … [visit site to read more]

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Growth Buy Alert: Flowserve Corp
Flowserve Corp. (FLS) recently posted record results for the second quarter and hiked its guidance by a significant margin. The company's full-year 2008 guidance ranges between $7.20 to $7.50, versus the previous range of $5.90 to $6.20. Wall Street is forecasting $6.47, up from last month's $6.31.

Company Description

Flowserve supplies pumps, valves, seals automation and services to the power, oil, gas, chemical and other industries. With more than … [visit site to read more]

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Momentum Buy Alert: Norfolk Southern Corp
Norfolk Southern Corp. (NSC) has been able to leverage its strong pricing power in order to grow its profits, as seen by the company’s recently reported strong second-quarter results. Analyst estimates continue to advance, and this stock is once again pressuring its 52-week high.

Norfolk Southern Corp., through its subsidiaries, operates as a rail shipper specializing in raw materials and finished goods primarily in the United States. The company was founded … [visit site to read more]

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Latin Stocks Offer Great Value, Some Risk
Many notable names in Latin America have been trading down recently. We wanted to find out from Zacks senior Latin American markets analyst Claudio Freitas, CFA if these were stock we should keep away from or consider great value opportunities.

With earnings season winding down, have companies in your coverage performed as expected? Were there many surprises?

In general, second quarter results for Latin American companies were very … [visit site to read more]

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Earnings Preview For The Week Ahead
Dow components Hewlett-Packard (HPQ) and Home Depot (HD) headline the last official week of second-quarter earnings season. Joining them will be S&P 500 members Gap (GPS), Lowe’s (LOW), Limited (LTD) and Target (TGT).

Overall, we have confirmed reports from 106 companies, 13 of which are in the S&P 500. Retailers will again be prominent, with 40 listed to … [visit site to read more]

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U.S. Oil Demand Off; Flat Global Demand Predicted
The following Globe and Mail report highlights global oil demand reduction including the well known U.S. first half reduction of roughly 4%. Note that this drop in oil use came while the price was rising but for most of the period had not reached anywhere close to the $147 level it eventually attained. Note also that the 800kb/d U.S. drop is an average for the 6-month period - clearly the drop was increasing and so the running rate now could be a good deal more.

I … [visit site to read more]

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